One of products of PT. ASURANSI TAKAFUL UMUM is Burglary Insurance, but this product must be associated and preceded by closure of Fire Insurance. So what is Burglary Insurance ? BURGLARY INSURANCE is a general insurance product which guarantees the risk of burglary (whether due to theft or robbery), accompanied by violence and destruction of the insured object.
Increasing number of cases of theft and robbery in big cities cause people to do various prevention efforts such as the use of CCTV, alarm systems, maintaining guard dogs and even fortify houses with high fences and closed. However, cases of theft accompanied by violence still occur, causing considerable financial losses.
If all security efforts for protecting your property be felt inadequate then to meet the security needs, the solution is to buy Burglary insurance (guarantee risks of Theft and Robbery). But for the Closure of Burglary Insurance is required prior to close fire insurance. Why should it? Because the history of insurance initially broken into an extension of the guarantee or endorsement of fire insurance policy.
The first company to sell insurance products that guarantee theft and Robbery was the Property Protection Insurance Company in 1846 and then followed the General Indemnity Insurance Company around 1853. But unfortunately not known how far the development of such products.
In 1897 a Lloyd's underwriter approved the extension of fire insurance coverage by attaching an endorsement that increase the risk of theft and Robbery solely because of the additional course. And further, application for burglary (theft and robbery) collateral was more and more. Finally established the Mercantile Accident and Guarantee Insurance Company of Glasgow. Although the number of policies sold pretty much at that time, 6.364 policy with a premium of 4.638 poudsterling, but within a period of one year later there were big claims so that eventually the company was taken over by the Scottish Alliance Insurance Company.
Before World War I (1914-1918) there was a high crime rate, then after the war ended there was an increase demand for Burglary insurance especially after the emergence of insurance products "Householders Comprehensive" in 1920 which includes theft and robbery guarantees .
Crime rate increase sharply, including demolition of the house for several years after World War II. Burglary insurance was experiencing the most difficult period in its history due to high claims. As a result, insurance rates had increased also related to the expanding additional warranty.
Looking at the historical development of Burglary Insurance that stems from the expansion of fire insurance coverage, so to this day one of the requirements for closing Burglary insurance of property, the building containing the property must already be secured by the first fire insurance.